Bolser’s scope of work includes construction and maintenance, mass earth movement, camp and plant construction and maintenance and railroad construction.
Franklin Mining will provide $800,000 to Bolser to complete the works, and it estimated the monthly production at the mine to be in the range of 3600 tons a month.
The value of the project will be in the range of $1500 a ton for one tunnel, based on the last 80 tons delivered to Comibol.
Previously in 2009, Franklin Mining entered into a strategic alliance agreement with Bolser. Canada-based SGS Research conducted tests at the mine. The results revealed the mine has high grade mineralisation.
The certificate of analysis was for testing the content of gold, silver, zinc, lead, arsenic, cadmium, bismuth and copper.
The other mineral elements spanned over various ranges but are not integral to the company’s current commercial plan.
